The establishment of the TRIPP company in the United States has been approved, the U.S. Embassy in Armenia posted on its X account, APA reports.
"The U.S. International Development Finance Corporation (DFC) Board of Directors approved several new strategic investments on June 3, including support for the creation of the TRIPP Development Company, a U.S.-Armenia joint venture intended to support trade, transport, economic development, and regional connectivity.
According to DFC, the venture will support key infrastructure projects, including railways, roads, pipelines, fiber-optic networks, and more," the post reads.